Business : MyCC Accepts Undertaking From Lorry Owners Association

KUALA LUMPUR, May 21 (Bernama) — The Malaysia Competition Commission (MyCC) has accepted an undertaking from the Central Committee Members of the Pan-Malaysia Lorry Owners Association (PMLOA) concerning its pricing practices on transportation charges.

The MyCC said it had found that the members had infringed section 4(2)(a) of the Act by engaging in a price fixing agreement.

“Price-fixing is when enterprises from different sizes collude to increase prices across the board to maximise profitability without any competition,” it said in a statement.

MyCC Chief Executive Officer Shila Dorai Raj said transportation costs have s…
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